Thanks Kerry! Gloating because we new they were a POS and now the SEC popped them.
:)
sec.gov
SEC v. Thor Equity Group, LLC and George E. Mahfouz, Jr.
(U.S. District Court, District of Arizona)
In the Matter of CancerOption.com, Inc. and Arnold C. Takemoto
SEC Contact: Donald Hoerl, 303-844-1060)
The SEC alleges that George E. Mahfouz, Jr. and his investor relations firm,Thor Equity Group, touted securities of CancerOption.com, Inc. based on false financial and stock price projections and then sold large amounts of the
stock at inflated prices for illicit profits of more than $180,000. CancerOption and Mahfouz provided analysts with false information used in reports recommending CancerOption stock to investors. Mahfouz and Thor Equity then posted the reports on CancerOption's website, and hired touters to
spread false information over the Internet. The SEC also alleges that Arnold C. Takemoto, then chief executive of CancerOption, reviewed these reports,knew them to be false, but took no steps to remove them from the company's
website. Without admitting or denying the SEC's allegations, Mahfouz and Thor Equity consented to the entry of a permanent injunction and Mahfouz consented to the entry of an order requiring him to pay a civil penalty of $50,000 and to pay disgorgement and prejudgment interest of over
$180,000. Without admitting or denying the SEC's allegations, CancerOption and Takemoto consented to the entry of an order which requires them to cease and desist from committing or causing any violation or any future
violation of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 under the Exchange Act. |
